News

BlockBeats News, March 31st: Bitcoin security researcher and Ethereum Foundation researcher Justin Drake published an article discussing the quantum computing threat to Bitcoin's security. Justin Drake believes that the research findings in Google's Quantum AI whitepaper are conservative. "By 2032, there is at least a 10% chance that a quantum computer could recover the secp256k1 ECDSA private key from a leaked public key. While the emergence of a cryptographically significant quantum computer (CRQC) by 2030 still feels unlikely, now is undoubtedly the time to start preparing." Justin Drake also stated that achieving a commercially viable Bitcoin proof-of-work through the Grover algorithm is not on the short-term horizon. "We are talking decades, or even centuries, ahead. This observation should help focus the discussion on ECDSA and Schnorr. As an unofficial Bitcoin security researcher, I still believe that Bitcoin's proof-of-work has failed due to the reduction in security budget."

Foresight News reports that Oskar Thoren, Technical Lead of the Ethereum Foundation Institutional Privacy Task Force (IPTF), stated at the EthCC[9] conference that privacy should be a fundamental part of Ethereum's underlying infrastructure, rather than merely a plug-in at the application layer. He pointed out that the key barrier to institutions entering the Ethereum ecosystem lies in how to protect business strategies and transaction privacy while meeting increasingly stringent regulatory compliance requirements. If Ethereum cannot achieve comprehensive end-to-end privacy protection, its potential to develop as a global settlement layer will be limited. The maturity of privacy technologies will not only protect individual users but also provide institutions with an on-chain financial environment that both safeguards competitive advantage and enables compliant operations.Oskar gave a detailed overview of three main research directions of the Ethereum Privacy Maintainers (PSE) team: First, Private Writes – aiming to make the cost and convenience of confidential transactions equal to ordinary transactions, enabling the confidential transfer of assets through technologies such as Plasma; Second, Private Reads – focusing on solving data leakage issues in services like RPC, allowing institutions to interact with on-chain data without revealing their identity or query intent; Third, Private Proving – by optimizing the efficiency of generating and verifying zero-knowledge proofs (ZKP), supporting complex application scenarios such as confidential DeFi and verifiable identities.

Bitfarms released its fiscal year 2025 results, disclosing total liquidity of approximately $520 million as of March 27, 2026. This includes about $161 million worth of unencumbered Bitcoin and approximately $359 million in unrestricted cash. The company has fully repaid the outstanding $100 million under Macquarie debt financing and plans to rename itself Keel Infrastructure on April 1, while relocating its registration from Canada to New York City, USA.